U.S. presidents are judged by the goals and accomplishments of their first 100 days in office. As the end of President Biden’s first 100 days approaches, it is useful for PE sponsors to consider how that same standard is applied to GC/CCOs that join fund managers anew. The first 100 days of a GC/CCO’s tenure provide a singular opportunity for him or her to set the expectations and tone for legal and compliance going forward. The 100‑day mark also provides a useful goalpost for new GC/CCOs to aim at when fulfilling certain crucial objectives. This first article in a three-part series offers advice for starting the GC/CCO role on the right foot, including how to prepare before day one and the best way to approach the first 100 days. The second article
will explore how new GC/CCOs can accomplish two crucial goals in the first 100 days – gathering knowledge about the firm and building the foundation for solid relationships with key people. The third article
will discuss how new GC/CCOs can balance their day-to-day legal and compliance work as they settle into the job and organization, as well as how to identify and advocate improvements and changes. See our two-part series “Benefits of Having a Dual-Hatted GC/CCO, and Alternative Solutions for Fund Managers
” (Apr. 30, 2019); and “Challenges and Recommendations for Simultaneously Serving As GC and CCO of a Fund Manager
” (May 7, 2019).